Business & farm

You need professional tax guidance. 

 

First, a C corporation does not have partners, it is owned by shareholders.

 

Second, a C corporation is not some sort of pass-through entity, such as an S corporation or partnership; it is a separate taxable entity for federal income tax purposes. As such, and finally, a C corporation must file its own federal income tax return, typically on Form 1120.

 

Please seek professional guidance for tax and legal issues related to your business.

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